Question: (3-a) Compute inventory turnover. (3-b) For each ratio, determine if it improved or worsened in the current year. (4-a) Compute days' sales in inventory. (4-b)




![[The following information applies to the questions displayed below.] Simon Company's year-end](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66fb24667e581_88666fb24662cc4d.jpg)
(3-a) Compute inventory turnover.
(3-b) For each ratio, determine if it improved or worsened in the current year.
(4-a) Compute days' sales in inventory.
(4-b) For each ratio, determine if it improved or worsened in the current year.
Please help with 3a-b and 4a-b! Thank you.
Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. The company\’s income statements for the current year and one year ago follow. Assume that all sales are on credit: Compute inventory turnover. For each ratio, determine if it improved or worsened in the current year. Compute days' sales in inventory. For each ratio, determine if it improved or worsened in the current year
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